Business & Markets

Technip, Saulsbury Win Contract for Exxon Mobil Carbon Capture Expansion Project

Technip Energies and Saulsbury Industries have been awarded a contract for the engineering, procurement and construction (EPC) to expand the carbon capture and storage at Exxon Mobil’s LaBarge, Wyoming facility.

Bulgaria to Receive US LNG Deliveries Starting in June

Bulgaria has agreed to purchase two shipments of U.S. LNG for June and is in talks for a long-term contract for U.S. deliveries after Russia's Gazprom cut off gas supplies to Sofia, Prime Minister Kiril Petkov said on Wednesday.

US Oil Pipeline Operators Gear Up for Higher Shale Output

Oil

The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, signaling the end of desperate days for some Texas oil pipeline operators.

New Fortress Energy to Charter FSRU for Netherlands LNG Terminal

New Fortress Energy Inc. has agreed to charter a floating storage and regasification unit to Gasunie, which will begin in third-quarter 2022 and provide storage and regasification capacity for Gasunie’s new LNG import terminal in the port Eemshaven, the Netherlands.

StormFisher, Modern Niagara Partner to Deliver RNG to Canada's Building Infrastructure

StormFisher and Modern Niagara have partnered to utilize renewable natural gas (RNG) as a carbon reduction solution for building infrastructure across Canada.

Renewable Natural Gas: Pipe Dream or Industry Future?

After several decades of being a favorite of the environmental community, natural gas finds itself amid climate change worries on the outside looking in, seeking to make billions of dollars of pipeline, processing and storage infrastructure relevant in a world hungry for a carbon-free energy future by 2050.

Preventing Hydrate Formation Problems at Storage Sites

In natural gas storage facilities in underground salt caverns, hydrates can easily form in the pipes, clogging them and making regular measurement of the gas pressure difficult.

Sources: Germany, Qatar At Odds Over LNG Supply Conditions

Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar's conditions to sign deals of at least 20 years to secure the massive LNG volumes it needs to reduce its dependence on Russian gas.

Venture Global Strikes LNG Supply Deal with Exxon's Asia-Pacific Unit

Exxon's Asia Pacific unit will purchase one million tonnes of LNG each year from Venture Global's Plaquemines LNG facility, which is now under construction, and its planned Calcasieu Pass 2 facility. Both are in Louisiana.

Enbridge, Humble Midstream to Develop Low-carbon Hydrogen, Ammonia Export Facilities

Enbridge Inc. and Humble Midstream LLC have announced the joint development and marketing of a low-carbon hydrogen and ammonia production and export facility which will be located at the Enbridge Ingleside Energy Center, near Corpus Christi, Texas.

VVC Increases Natural Gas Production Capabilities with New Seven-mile Pipeline

VVC has expanded its natural gas production capabilities with the installation of seven miles of new pipeline, which will transport gas produced by the company’s natural gas wells to the Tumbleweed Midstream Ladder Creek Pipeline.

Another Pothole in the Road

With its new policy declaring that greenhouse gas and “environmental justice” must be taken into account during the approval process for natural gas pipelines, the Federal Energy Regulatory Commission (FERC) has outdone itself in further muddying the road forward for future projects.

Report: LNG Supply Crisis Will Make Landfall in Winter 2022

A LNG crisis is brewing for European countries dealing with energy insecurity in the wake of Russia’s invasion of Ukraine, as demand will outstrip supply by the end of this year, according to a new report from Rystad Energy.

Biden Sidelined Global Energy Partners with Record Emergency Oil Release

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own.

Spain's Gas Imports Rise 16% Driven by Seaborne LNG Purchases

Spain's natural gas imports in March rose 16% from a year earlier, driven by more purchases of seaborne LNG, government data showed on Monday.

Japan to Ban Russian Oil Imports 'In Principle,' Prime Minister Says

Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.

Sempra Sees Decision on New Cameron LNG Train in Louisiana in 2023

Sempra said in its first quarter earnings release that Cameron LNG plans to complete development work on the fourth liquefaction train in 2023 and plans to make a final investment decision afterwards.

Bulgaria and Greece Plan Joint Gas Purchases for Southeast Europe

Bulgaria and Greece have agreed to seek joint gas deliveries for southeastern Europe and decrease its reliance on Russian gas amid the war in Ukraine, Bulgarian Energy Minister Alexander Nikolov said.

OMV CEO Warns of Possible Further Writedowns on Russian Gas Field

Austrian oil and gas group OMV could require further writedowns on its Yuzhno-Russkoye gas field in Russia that it bought a 24.99% stake in from German energy supplier Uniper for about $1.8 billion.

Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

Germany took steps to ramp up LNG imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units and choosing the North Sea port of Wilhelmshaven as the first handling hub.

China's CNOOC Awards $2.4 Billion in LNG Tanker Building Contracts

China National Offshore Oil Company (CNOOC) has awarded $2.42 billion worth of contracts to build 12 LNG tankers and each tanker will be able to carry up to 174,000 cubic meters of LNG.

Energy Transfer Announces Higher Transportation Volumes for Q1 2022

Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.

Swiss Court Rules on Which Gas Imports Are Subject to CO2 Tax

A Swiss court has ruled that natural gas imported to power turbines for compressing gas in the transit pipeline is not subject to the national carbon tax designed to curb the use of fossil fuels and protect the environment.

Guyana, Exxon Discuss Pipeline to Bring Natural Gas Ashore - Minister

Guyana has started discussions with Exxon Mobil Corp. to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston.

Greece, Bulgaria to Build New LNG Terminal to Help Cut Reliance on Russia

A new LNG facility to be built off the northern Greek port of Alexandroupolis and carry gas to the shore via a 28-km long pipeline is expected to help create a new gas route for Europe and cut reliance on Russian gas.

Nigeria Oil Minister Says Russia Interested in Gas Pipeline to Morocco

Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016/ Besides linking the two countries, the 5,660 km (3,517 miles) pipeline is also expected to connect some other African countries to Europe.

Energy Transfer to Supply LNG to SK Gas in 18-Year Deal

Energy Transfer LP has executed a long-term sale and purchase agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum (MTPA) of LNG from Energy Transfer’s Lake Charles LNG export facility.

Coterra, Devon Study New LNG Opportunities

Shale producers Coterra Energy and Devon Energy on Tuesday said they were evaluating new opportunities tied to LNG but warned of a "crowded" market and challenging economics.

MPLX to Move Forward with Permian, Bakken Pipeline Expansion Projects

MPLX LP will advance projects focused on expansions and reducing bottlenecking on its crude and natural gas long-haul pipelines in the Permian and Bakken, starting with the 450-mile Whistler pipeline that transports from the Permian to South Texas.

Enbridge Invests $6.6 Million in Smartpipe’s Innovative Pipeline Technology

Smartpipe Technologies has received a $6.6 million investment from Enbridge Inc. for its innovative pipeline technology, designed to improve pipeline safety and allow for the transportation of hydrogen and carbon dioxide.